Crypto ETFs Log $16M Net Outflow in Settled Session as IBIT-ARKB Divergence Defines the Tape

Spot crypto ETFs registered $16 million in net outflows in Thursday's settled session, with BlackRock's IBIT capturing the largest single-fund bid at $29.4 million even as competing bitcoin products bled redemptions, according to InflowScan data published after issuers closed their books.

Flow Tape

The session split cleanly along issuer lines rather than asset lines. BlackRock products dominated both sides of the bitcoin tape's positive column, while ARK Invest's ARKB and VanEck's HODL combined for more than $40 million in redemptions — pointing to rotation within the BTC complex rather than a broad asset-class exit, InflowScan data shows.

IBIT (BlackRock, BTC): +$29.4M ↑
ETHA (BlackRock, ETH): +$8.4M ↑
BTC (Grayscale, BTC): +$5.5M ↑
ARKB (ARK Invest, BTC): -$26.5M ↓
FETH (Fidelity, ETH): -$16.6M ↓
HODL (VanEck, BTC): -$14.4M ↓

Ethereum products mirrored the pattern — ETHA absorbed inflows while FETH shed capital, suggesting issuer-specific repositioning across both majors. XRP coverage came in at 89% (8 of 9 funds reporting), with the remaining product expected to settle on the next reporting cycle.

7-Day Context

Trailing 7-day and 30-day cumulative tallies are not yet finalized as recent settling days remain incomplete. Thursday's modest negative print is consistent with a flow tape where issuer-level dispersion, rather than net direction, carries the signal.